Flows Buzzer: Utilities SPDR (ETF) Registered $-52.28M Redemptions Amid -0.71% AUM Decrease


Flows Buzzer: Utilities SPDR (ETF) Registered $ 52.28M Redemptions Amid  0.71% AUM Decrease

Today were reported Utilities SPDR (ETF) (NYSEARCA:XLU)‘s daily net flows. The ETF registered $-52.28M asset outflows for -0.71% decrease, reaching $7315.49M after yestarday’s trading session. The chart of Utilities SPDR (ETF) shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF increased 0.98% or $0.46 during the last trading session, hitting $47.43. Utilities SPDR (ETF) (NYSEARCA:XLU) has declined 1.39% since March 10, 2016 and is downtrending. It has underperformed by 8.91% the S&P500.

The ETF’s YTD performance is 15.95%, the 1 year is 17.14% and the 3 year is 13.38%.

The ETF’s average P/E ratio is 17.85, the price to book is 1.75, the price to sales is 1.79 and the price to cashflow is 6.23. Utilities SPDR (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: NextEra Energy Inc. for 9.30% of assets, Duke Energy Corporation (Holdin for 8.28%, Southern Company (The) for 8.17%, Dominion Resources Inc. for 7.56%, American Electric Power Company for 5.16%, Exelon Corporation for 5.00%, Pacific Gas & Electric Co. for 4.99%, Sempra Energy for 4.38%, Edison International for 3.85%, PPL Corporation for 3.83%. The ETF sector weights are: Utilities 100.00%. The ETF currently as 0% yield.

More notable recent Utilities SPDR (ETF) (NYSEARCA:XLU) news were published by: Investorplace.com which released: “Utilities SPDR (ETF) (XLU) Could Be a Strong Buy Soon” on September 20, 2016, also Etfdailynews.com with their article: “These Safe Haven ETFs Are Selling Off Big” published on October 09, 2016, Seekingalpha.com published: “What’s Next For Utility Stocks?” on October 12, 2016. More interesting news about Utilities SPDR (ETF) (NYSEARCA:XLU) were released by: Investorplace.com and their article: “Watch Out! The Utilities SPDR (ETF) (XLU) Looks Overcooked!” published on July 11, 2016 as well as Etfdailynews.com‘s news article titled: “With Rate Hike Chances Slipping, Consider These Utilities ETFs” with publication date: September 11, 2016.

XLU Company Profile

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies that produce, generate, transmit or distribute electricity or natural gas.

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